Company Registration No. 07749180 (England and Wales)
HILLTOP FREEHOLD COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTS FOR FILING WITH REGISTRAR
HILLTOP FREEHOLD COMPANY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HILLTOP FREEHOLD COMPANY LTD
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
122,000
122,000
Current assets
Debtors
4
32,501
32,016
Creditors: amounts falling due within one year
5
(11,286)
(10,908)
Net current assets
21,215
21,108
Net assets
143,215
143,108
Capital and reserves
Called up share capital
6
122,000
122,000
Profit and loss reserves
21,215
21,108
Total equity
143,215
143,108
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 September 2023 and are signed on its behalf by:
T Souresrafil
Director
Company registration number 07749180 (England and Wales)
HILLTOP FREEHOLD COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information
Hilltop Freehold Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Egale 1, 80 St Albans Road, Watford, Herts, WD17 1DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents ground rents receivable. Ground rents are recognised on an accruals basis for the period to which the rental income relates to the financial reporting year.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
Nil
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, and other loans that are classified as debt, are initially recognised at transaction price.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
HILLTOP FREEHOLD COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 3 -
1.6
During the year the company has acted as agent for the lessees of the property at Hilltop Court 14-16 Alexandra Road South Hampstead London NW8 0DR. The funds in relation to the maintenance of the property are held in trust. As at 31 December 2022 the cash balance held on behalf of the lessees amounted to £19,702.
The income or expenditure in relation to the maintenance of the common parts of the property held in accordance with the governing leases is shown in separate service charge accounts for the property. There therefore do not form part of the annual accounts of the company and not filed at Companies House. The accounts can be obtained from Hilltop Freehold Company Ltd.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2022 and 31 December 2022
122,000
Depreciation and impairment
At 1 January 2022 and 31 December 2022
Carrying amount
At 31 December 2022
122,000
At 31 December 2021
122,000
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
32,501
32,016
5
Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
11,286
10,908
HILLTOP FREEHOLD COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
6
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
122,000
122,000
122,000
122,000